Overview
What is Laugh Out Loud Ministry Inc?
Laugh Out Loud Ministry Inc is a nonprofit organization situated in Berthoud, Colorado, with a focus on supporting and nurturing orphaned, neglected, and disadvantaged children and young adults. Based in the Toledo district of Belize, LOL is the sole orphanage in the area, relying entirely on donations and volunteer efforts. Their mission is to restore these children's lives through God's love, helping them discover their potential and empowering them to pursue their future. Last year, LOL enrolled all school-aged children in education, saw two young adults complete their second year of associate degrees, and another work towards a bachelor's degree in Business Management. Two children were adopted, and a third foster home was built, offering a family-like environment for the children. Progress was made on three Tiny Homes for transitional young adults and dental check-ups were provided for all children and young adults. As a children's home, LOL offers food, shelter, medical and dental care, and education, all while providing loving support to the children in their care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 63%)
Laugh Out Loud Ministry Inc has been rated as needing improvement, reflecting some significant weaknesses in its governance and transparency practices. While the organization excels in accountability and finance with a perfect score of 100%, it falls short in key areas such as independent board members and financial statement accessibility. The lack of independent board members and the absence of financial statements on their website are notable concerns.
The organization demonstrates a strong commitment to its financial liabilities and program expenses, achieving full scores in those areas. However, there are critical gaps in its policies, particularly with respect to whistleblower protections and document retention, which scored zero points. This raises questions about the organization's internal controls and overall governance structure.
Despite these limitations, Laugh Out Loud Ministry Inc shows positive signs in areas like material diversion of assets and conflict of interest policy, indicating some level of organizational integrity and accountability. Addressing the identified weaknesses could significantly enhance its rating and trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Laugh Out Loud Ministry Inc legitimate?
Laugh Out Loud Ministry Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laugh Out Loud Ministry Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $12,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $82,914
For more financial information, click here
What is the mission statement of Laugh Out Loud Ministry Inc?
Laugh Out Loud Ministry Inc is an international organization dedicated to loving and nurturing orphans, neglected, and disadvantaged children and young adults. Their primary objective is to bring restoration through God's love, enabling these children and youth to recognize their potential. The ministry equips and empowers them, guiding them towards their divine destiny and future. Notably, LOL is the sole orphanage in the Toledo district of Belize. Its operations are driven entirely by volunteers and are financially supported by donors, as the government of Belize does not provide any revenue.
Who is the CEO of Laugh Out Loud Ministry Inc?
Melissa Fisher is the President of Laugh Out Loud Ministry Inc.
What is the revenue of Laugh Out Loud Ministry Inc?
Laugh Out Loud Ministry Inc's revenue in 2022 was $515,851.
Who are the executives of Laugh Out Loud Ministry Inc and what are their salaries?
The average compensation at Laugh Out Loud Ministry Inc during 2022 was $47,457. There are 2 employees and 21 volunteers at Laugh Out Loud Ministry Inc.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Laugh Out Loud Ministry Inc?
Laugh Out Loud Ministry Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Laugh Out Loud Ministry Inc
Laugh Out Loud Ministry Inc is an international organization dedicated to showing love and providing nurture to orphans, neglected, and disadvantaged children and young adults. Their primary objective is to restore these individuals through the power of God's love, enabling them to recognize their potential. By doing so, Laugh Out Loud Ministry Inc empowers and releases these young people into their divine destinies and future. It is important to note that LOL is the only orphanage situated in the Toledo district of Belize, and all its program development is driven by volunteers and supported by generous donors. The organization operates under the belief that no revenue should be sourced from the government of Belize.
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Impact
July, 2024
Laugh Out Loud Ministry Inc's impact is significant, as it provides vital care and support to orphans, neglected, and disadvantaged children and young adults in the Toledo district of Belize. Through its dedicated efforts, Laugh Out Loud Ministry has enrolled all school-age children in school, facilitated higher education for young adults pursuing associate and bachelor's degrees, and helped two children find loving adoptive families. Additionally, the organization has completed the construction of foster homes and transitional housing for young adults, ensuring a nurturing and supportive environment for growth and development. The provision of essential needs such as food, shelter, healthcare, education, and most importantly, love, demonstrates Laugh Out Loud Ministry's commitment to improving the lives of the children in its care.
This information is meant to be a general summary of Laugh Out Loud Ministry Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5
- Gross Receipts: $515,851
Assets and Liabilities:
- Total Assets: $626,637
- Total Liabilities: $9,290
- Net Assets: $617,347
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Organization Details
Founding Year
2005
Phone
(970) 532-4560Principal Officer
Melissa Fisher
Main Address
501 County Road 48, Berthoud, CO, 80513
NTEE Category
Code: X20 - Religion related
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